Lendlease offloads UK construction business

REAL ESTATE INVESTMENT TRUSTS & FUNDS

[{"selector":"#anim-467fb9f3-7ff5-40b8-b082-8ba962b5bc45 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more LENDLEASE’S earnings forecast for FY25 remains unchanged selling its UK construction business to Atlas Holdings for £35 (approximately AU$70) million...

[{"selector":"#anim-e413800c-cce3-432f-aec7-a948a4bf5934 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more It comes after Lendlease sold its US construction business to Consigli Construction Co in September last year...

[{"selector":"#anim-f0285ae9-050e-4ecb-ae45-171addd72a57 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The sale will finalise Lendlease’s exit of its international construction operations, well ahead of the targeted 18-month timeline announced in May last year and...

[{"selector":"#anim-94db4648-1bee-4db5-99aa-18e20be1385d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more This transaction builds on our progress to simplify Lendlease as we look to lower our risk profile and increase securityholder returns. It also represents a positive outcome for...

[{"selector":"#anim-7f40a235-e20d-4722-98cb-4ba2339f00de [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The profit outcome is expected to be broadly neutral after providing for retained risks in relation to projects that have completed or substantially completed prior to exchange of...

[{"selector":"#anim-b4bc6abd-7b04-4006-91ec-0b2101b589b7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The net cash outflow as a result of the transaction is anticipated to be approximately $100 million due to the unwind of negative working capital in the business prior to and...

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Lendlease offloads UK construction business

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